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Eastern wholesaler out of bankruptcy.

Judge Howard Schwartzberg of the U.S. District Court for the Southern District of New York, recently signed an Order of Confirmation releasing Carmelo Bambace, Inc., of Mamaroneck, NY, from bankruptcy.

Carmelo Bambace, founded in 1900, is one of the oldest beer wholesalers on East Coast. The company filed for reorganizaton under Chapter 11 of the U.S. Bankruptcy Code in January 1990.

The company's president, Kim Bambace, and secretary treasurer, Tom Bambace, are the founder's grandsons and both former president of the New York State Beer Wholesalers Association.

"This gives us a new lease on life," said Tom Bambace. "We are looking forward to celebrating the 100th anniversary of the company started by our grandfather, Carmelo."

The company currently handles G. Heileman products in Westchester and Putnam Counties, as well as McEwan's Scottish Ale and Newcastle Brown Ale.
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Title Annotation:beer wholesaler; Carmelo Bambace Inc.
Publication:Modern Brewery Age
Article Type:Brief Article
Date:Sep 9, 1991
Words:139
Previous Article:Philip Morris reports increased dividend, also names Michael Miles new chairman.
Next Article:Battling back.
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